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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 24, 2017
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 92,862 $ 56,672
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 39,893 24,516
Stock-based compensation expense 10,911 7,750
Amortization of convertible notes debt discount 4,495 0
Deferred income taxes (1,088) (3,748)
Other non-cash items (2,739) 499
Change in operating assets and liabilities, net of acquisitions of businesses:    
Trade receivables (29,295) (57,346)
Inventories (13,238) (20,093)
Prepaid expenses and other assets 4,299 (2,240)
Accounts payable, accrued liabilities and other 21,313 26,857
Net cash provided by operating activities 127,413 32,867
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (26,073) (13,238)
Business acquisitions (290,052) (97,261)
Other investing activities 5,125 170
Net cash used in investing activities (311,000) (110,329)
CASH FLOWS FROM FINANCING ACTIVITIES    
Term debt borrowings 36,981 0
Term debt repayments (6,441) (7,883)
Borrowings on revolver 954,535 353,442
Repayments on revolver (877,931) (358,365)
Stock repurchases under buyback program (75,028) 0
Proceeds from convertible notes offering 172,500 0
Purchase of convertible notes hedges (31,481) 0
Proceeds from sale of warrants 18,147 0
Payments related to vesting of stock-based awards, net of shares tendered for taxes (2,659) (3,042)
Proceeds from public offering of common stock, net of expenses 0 93,306
Proceeds from exercise of stock options 3 926
Payment of deferred financing/debt issuance costs (7,485) (995)
Other financing activities (15) (5)
Net cash provided by financing activities 181,126 77,384
Decrease in cash and cash equivalents (2,461) (78)
Cash and cash equivalents at beginning of year 2,767 6,449
Cash and cash equivalents at end of period $ 306 $ 6,371